LINEAR TECHNOLOGY CORPORATION
1986 EMPLOYEE STOCK PURCHASE PLAN
The following constitute the provisions of the 1986 Employee Stock Purchase Plan of Linear Technology
1. Purpose. The purpose of the Plan is to provide employees of the Company and its Designated Subsidiaries
with an opportunity to purchase Common Stock of the Company through accumulated payroll deductions. It is
the intention of the Company to have the Plan qualify as an "Employee Stock Purchase Plan" under Section 423
of the Internal Revenue Code of 1986, as amended. The provisions of the Plan shall, accordingly, be construed
so as to extend and limit participation in a manner consistent with the requirements of that section of the Code.
(a) "Board" shall mean the Board of Directors of the Company.
(b) "Code" shall mean the Internal Revenue Code of 1986, as amended.
(c) "Common Stock" shall mean the Common Stock, no par value, of the Company.
(d) "Company" shall mean Linear Technology Corporation, a California corporation.
(e) "Compensation" shall mean all regular straight time gross earnings, exclusive of payments for overtime, shift
premium, incentive compensation, incentive payments, bonuses or other compensation.
(f) "Continuous Status as an Employee" shall mean the absence of any interruption or termination of service as an
Employee. Continuous Status as an Employee shall not be considered interrupted in the case of a leave of
absence agreed to in writing by the Company, provided that such leave is for a period of not more than 90 days
or reemployment upon the expiration of such leave is guaranteed by contract or statute.
(g) "Designated Subsidiaries" shall mean the Subsidiaries which have been designated by the Board from time to
time in its sole discretion as eligible to participate in the Plan.
(h) "Employee" shall mean any person, including an officer, who is customarily employed for at least twenty (20)
hours per week and more than five (5) months in a calendar